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Nexo
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0.829
0.0000.00%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
0.00%
5 Days
-1.78%
1 Month
+0.36%
6 Months
-2.24%
Year to Date
-5.58%
1 Year
-34.72%
Key Data Points
Opening Price
0.830Previous Closing Price
0.829
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Nexo Technical Analysis
Technical Indicators
Strong sell
Summary
Sell
Moving Average
Sell
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About Nexo
Nexo is a leading digital assets institution that offers a comprehensive suite of products and services to maximize the value and utility of digital assets. Established in 2018 after a successful private token sale, Nexo was founded by a team of experienced finance professionals, including Kosta Kantchev, Antoni Trenchev, and Kalin Metodiev.
Nexo's flagship offering is its Instant Crypto Credit Lines, which allow cryptocurrency holders to instantly obtain loans in over 40 fiat currencies or stablecoins by using their digital assets as collateral. This solution provides flexibility and ease-of-use for users who need extra funds without having to sell their cryptocurrencies. The platform supports over 60 cryptocurrencies as collateral for these loans.
In addition to its lending services, Nexo also offers an Earn Interest product, which provides daily payouts, compounding interest, and flexible yields on user deposits, with a zero-fee policy on deposits, withdrawals, and top-ups. Users can also "Swap while You Earn," where cryptocurrencies earning interest can be swapped for higher-performing assets.
How does NEXO work?
The NEXO token is the native cryptocurrency of the Nexo platform. It is an ERC-20 token built on Ethereum. NEXO token holders gain access to Nexo's Loyalty Program, which provides benefits like preferential borrowing rates, cash-back, free withdrawals, and better yield rates. The token is freely traded on various centralized and decentralized exchanges.
How is the Nexo network secured?
Nexo has a strong focus on security and data privacy. The company has acquired prestigious security certifications like ISO 27001, ISO 27017, and ISO 27018, demonstrating its commitment to protecting client data and enhancing cloud security. Nexo has also achieved the Cloud Security Alliance's STAR Level 1 Certification and completed a SOC 2 Type 2 audit. Platform security features include 2-factor authentication, biometric login, SSL encryption, and 24/7 customer support. Nexo also operates a strict over-collateralized lending policy to manage risk and protect its clients.
What makes Nexo unique compared to other crypto platforms?
Nexo has evolved from its origins as an overcollateralized lending platform into an all-in-one crypto management suite. Key differentiators include its Instant Crypto Credit Lines, which allow users to instantly obtain loans in fiat or stablecoins using digital assets as collateral. Nexo also offers a suite of other products like its Earn Interest service, Swap while You Earn feature, and Perpetual Futures trading. The Nexo Card, a crypto-backed credit card in partnership with Mastercard, is another unique offering. Nexo also has a dedicated institutional platform called Nexo Prime for corporate and high-net-worth investors.